Telkom Kenya 'welcomes' review

31 December 2021

Telkom Kenya said it welcomes the Communication Authority of Kenya’s review of the mobile termination rates (MTRs) and fixed termination rates (FTRs) from the previous Ksh0.99 to Ksh0.12.

The review is timely and a progressive step towards making voice services more affordable and accessible to more Kenyans, the company said.

Telkom added that voice, data, and financial services, are now a daily necessity. It said that globally, big and dominant players or incumbents in mobile telephony markets have had a pricing advantage due to the imbalance of connecting traffic between themselves and other network operators.

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Africell live in Angola

21 December 2021

Africell is live in Angola

Africell is live in Angola

Africell Group, the holder of Angola's fourth unified telecom licence, launched its new network December 15.

The services, which are available in the capital Luanda, will be gradually extended to the rest of the country. The company says it will do this in "stages", both for the network and the commercial service, in order to guarantee current and future consumers high quality services and the best customer experience.

"The first call on our new network in Angola is the most important milestone to date, symbolizing the beginning of a new chapter for our company, the country and the people of Angola," said  Christopher Lundh, CEO of Africell Angola, 

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MTN seeks mandatory vaccination for employees from January...or else

19 December 2021

MTN wants vaccines to be made mandatory

MTN wants vaccines to be made mandatory

MTN Group, Africa's biggest telecoms service provider, said it would be enforcing mandatory Covid-19 vaccinations for its employees from January, the latest company in South Africa to issue a vaccine mandate.

Many South African companies have opted for mandatory vaccination in order to ensure a safe workplace environment, but that has also opened them up to potential legal challenges.

MTN's move follows president Cyril Ramaphosa's announcement last month that the government was considering making Covid-19 shots compulsory for citizens to access certain places and activities. 

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MTC raises US$168m of the US$210m expected from the sale of 49% of its capital

10 December 2021

Namibia’s state-owned Mobile Telecommunications (MTC) has raised N$2.5bn (US$168m) from the sale of 49% of its shares on the Namibian Stock Exchange (NSX).

On September 20, when the company’s 367,500,000 ordinary shares were officially put up for sale at N$8.50 each, the government said it wanted to raise N$3,123,750,000 (US$210m).

Local newspaper The Namibian said of the 367.5 million shares offered for sale, more than 299 million were purchased while 68.5 million did not find buyers. Some 5,611 individuals, companies and institutions took part in the IPO of MTC, which only reached its target by 81%. The majority of the offer was taken up by institutional investors, who raised N$2.4bn, while retail investors only raised N$137.2m.

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